Florida business owners face plenty of challenges in maximizing profits, running daily operations, and expansion; obtaining a business license should not be one of them. The problem is that, when you are focused on business objectives, you may not make your legal obligations for licensing a priority. Considering the time and effort you must invest in researching the federal, state, and local regulations, it is easy to understand why obtaining a business license is not at the top of your list. Plus, even when you understand the laws, there are still forms, supporting paperwork, and filing fees to bear in mind. Because you put your business at risk if you are not in compliance, it is important to work with a New Port Richey, FL business formation lawyer who can help you with such tasks as:
Filing with State of Florida Agencies
For most business owners, the first step in filing for a New Port Richey, FL business license is submitting proper documents and filing fees to the Florida Secretary of State’s Office. However, you must choose the type of organization that would be appropriate for your circumstances. Certain business formations can help you avoid personal liability and insulate your own assets from business debts, including:
- Limited Liability Companies; and,
- General or Limited Partnerships.
If you go the route of a sole proprietorship, there is no need to file with the Secretary of State’s office, subject to one exception: If you operate your entity in under a brand that is not your own legal name, you must register a fictitious name with the Florida Division of Corporations.
Federal Government Filings
Owners of corporations, limited liability entities, and partnerships must submit a form with the Internal Revenue Service to obtain a Federal Employer Identification Number. The FEIN is required when you apply for a New Port Richey, FL business license; sole proprietors can use their own Social Security Number as a taxpayer ID number.
New Port Richey, FL Business License
With the groundwork in place at the federal and state levels, you can now work on licensing for operating your business. You will need to follow the procedures for obtaining a Florida “business tax receipt,” which requires you to submit:
- The company certificate issued by the Florida Secretary of State’s Office;
- Your FEIN or Social Security Number; and,
- Details regarding your employees.
Note that these are the minimum requirements. There may be additional documentation based upon the unique circumstances of your business. Florida requires companies in certain industries to obtain special credentials, including:
- Hair salons and spas;
- Insurance providers;
- Legal, healthcare, and other professional services;
- Hospitality and food service; and,
- Many other regulated business sectors.
Discuss Florida Business Licenses with a Pinellas County Business Lawyer
With so many various factors involved, including the nature of your business, your location, your personal circumstances, and many other factors, you can see the importance of consulting with a knowledgeable lawyer. At Clearwater Business Law, our Florida business litigation attorneys are dedicated to assisting business owners like you with all aspects of running an organization in Pinellas and Hillsborough Counties. Please contact us at (727) 785-5100 to schedule a free consultation today.